Flushing Financial

Flushing Financial Corp. operates as a bank holding company, which provides banking and financial services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans, mortgage loans, U.S. government securities, corporate fixed-income securities and other marketable securities. The company was founded on May 9, 1994 and is headquartered in Uniondale, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Flushing Financial reports robust earnings amidst Fed challenges and growth opportunities

Flushing Financial's Q4 2022 earnings call highlighted strong financial performance, strategic focus on credit quality and liquidity, and challenges from Fed actions impacting margins. The company's emphasis on digital growth, new branch leases, and maintaining investment-grade ratings underscore its resilience and long-term vision.

Flushing Financial faces NIM challenges but focuses on growth strategies

Flushing Financial's Q1 2023 performance reflects challenges in NIM compression and credit charge-offs, with a focus on risk-adjusted returns and expense control.
Despite industry headwinds, the company maintains strengths in liquidity, credit quality, and digital innovation, positioning for long-term success.
Navigating challenges in loan growth and expenses, Flushing Financial seeks opportunities in digital engagement, client expansion, and strategic financial management.

Flushing Financial reports steady Q2 earnings amidst economic caution

Flushing Financial (FFIC) demonstrated steady earnings and growth in deposits, with a focus on risk-adjusted returns and expense controls.
The company's conservative underwriting approach led to a decrease in non-performing assets, despite modest loan growth.
While facing margin compression concerns, FFIC remains cautious about the economic environment but continues dividend payments.
Analysts' questions highlighted areas of scrutiny and potential challenges, but the company's actions show resilience and growth potential.

Flushing Financial reports stable Q3 earnings amidst market uncertainties

Flushing Financial (FFIC) demonstrates solid financial performance with a focus on risk management, liquidity, and customer engagement.
The company's strategic actions and strong real estate portfolio underscore resilience and stability in a challenging market environment.
While facing uncertainties, Flushing Financial aims to maintain profitability, navigate interest rate dynamics, and capitalize on growth opportunities in Asian markets.

Flushing Financial reports solid Q4 earnings amidst NIM opportunities

Flushing Financial's Q4 2023 performance showcased solid earnings and prudent financial management strategies. The company's strengths in low-risk assets and liquidity position provide a stable foundation for growth.
While facing challenges such as NIM pressure and margin compression, Flushing Financial has opportunities to deepen customer relationships, enhance digital banking offerings, and navigate interest rate dynamics effectively.
Overall, Flushing Financial's focus on stability, risk management, and customer-centric initiatives positions it well to address challenges and capitalize on growth opportunities in the evolving financial landscape.

Flushing Financial reports Q1 resilience amidst challenges and growth opportunities

Flushing Financial navigated challenges in Q1 2024 with resilience, focusing on maintaining credit quality, improving capital position, and enhancing profitability. Despite competitive pressures and weak loan demand, the company remains optimistic about NIM expansion, stable loan balances, and controlled expense growth for the year.

Flushing Financial reports solid Q2 earnings, eyes NIM improvement

Flushing Financial's Q2 performance reflects a focus on growth, risk management, and expense control. Despite challenges in NIM compression and regulatory discussions, the company is well-positioned to capitalize on opportunities for improvement and adapt to market changes.

Flushing Financial excels in Q3, eyes Asian market growth

Flushing Financial delivered strong financial performance with notable improvements in EPS and net interest margin.
While facing expense growth challenges, the company's solid credit metrics and deposit growth position it well for the future.
Strategic focus on Asian markets, community involvement, and capital stability offer avenues for growth and customer loyalty.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

UNIONDALE, N.Y., June 06, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank has opened a new branch located at 85-15 Queens Boulevard, Elmhurst, NY.

Flushing Bank Opens a New Branch at 85-15 Queens Boulevard in Elmhurst, NY

Flushing Financial (FFIC) announces a new share repurchase program. This, along with regular quarterly dividend payouts, will continue to enhance shareholder value.

Flushing Financial (FFIC) Stock Up on New Share Buyback Plan

UNIONDALE, N.Y., May 17, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) has authorized an increase in the purchase of its common stock by 1,000,000 shares. Stock can be purchased from time to time, in the open market or through private transactions, subject to market conditions. There is no expiration or maximum dollar amount under this authorization. From April 1, 2022 through May 10, 2022, the Company repurchased 147,307 shares at an average price of $21.83 and has 340,880 shares remaining under its previous authorization. The combined remaining authorization is 1.3 million shares.

Flushing Financial Corporation Announces 1 Million Increase in Share Repurchase Authorization; Declares Quarterly Dividend of $0.22 per Share

UNIONDALE, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that the Bank plans to open a new location at 85-15 Queens Boulevard, Elmhurst, NY.  This full-service branch will be opening in June.

Flushing Bank Plans to Open a New Location on Queens Boulevard in Elmhurst, NY

UNIONDALE, N.Y., May 13, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has leased a new Suffolk County location in the Hauppauge Industrial Park. The Bank plans to open this new, full-service branch location later this year.

Flushing Bank Leases New Suffolk County Location in the Hauppauge Industrial Park

UNIONDALE, N.Y., May 03, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that its Complete Checking Account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards . The national safe account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate both core and strongly recommended features that ensure low cost, high functionality, and consumer safety.

Flushing Bank's Complete Checking Account Receives National Certification by Banking Advocates as Safe, Affordable Account

Flushing Financial Corporation (NASDAQ:FFIC ) Q1 2022 Earnings Conference Call April 27, 2022 9:30 AM ET Company Participants John Buran – President and Chief Executive Officer Susan Cullen – Senior Executive Vice President, Treasurer and Chief Financial Officer Conference Call Participants Mark Fitzgibbon – Piper Sandler Manuel Navas – D.A. Davidson Chris O'Connell – KBW Operator Welcome to Flushing Financial Corporation's First Quarter 2022 Earnings Conference Call.

Flushing Financial Corporation (FFIC) CEO John Buran on Q1 2022 Results - Earnings Call Transcript

Record Net Interest Income and Record Low Cost of Funds

Flushing Financial Corporation Reports 1Q22 GAAP EPS of $0.58 and Core EPS of $0.61

Flushing Financial is a regional bank in New York State with an $8B balance sheet.

Flushing Financial: The Low LTV Ratio Of The Loan Portfolio Makes The Stock Attractive

UNIONDALE, N.Y., March 17, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that John R. Buran, President and Chief Executive Officer will be presenting at the Sidoti & Company Spring Small Cap Virtual Conference on March 23, 2022. The 30 minute presentation will begin at 10:45 am (ET) and can be accessed live at:

Flushing Financial Corporation to Present at the Sidoti & Company Spring Small Cap Virtual Conference

UNIONDALE, N.Y., March 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its first quarter 2022 earnings after the market closes on April 26, 2022.

Flushing Financial Corporation To Host First Quarter 2022 Earnings Call

Flushing Financial (FFIC) announces a 4.8% sequential hike in its quarterly cash dividend. Should you consider adding the stock to your portfolio based on dividend income?

Flushing Financial (FFIC) Hikes Dividend by 4.8%: Worth a Look?

UNIONDALE, N.Y., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common stock of $0.22 per common share, an increase of $0.01 per share from the prior quarter's dividend, payable on March 25, 2022 to shareholders of record at the close of business on March 11, 2022.

Flushing Financial Corporation Increases Quarterly Dividend to $0.22 per Share

UNIONDALE, N.Y., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq), the parent holding company for Flushing Bank (the “Bank”), today announced it has eliminated overdraft, insufficient funds, and transfer fees on consumer checking accounts for its Flushing Bank, iGObanking®, and BankPurely® customers.

Flushing Bank Leads the Way in Eliminating Fees on Consumer Checking Accounts

Flushing Financial Corporation (FFIC) CEO John Buran on Q4 2021 Results - Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of -5.63% and 3.56%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Flushing Financial (FFIC) Q4 Earnings and Revenues Miss Estimates

Flushing Financial Corporation Reports 4Q21 GAAP EPS of $0.58 and Core EPS of $0.67

Flushing Financial (FFIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Flushing Financial (FFIC) Reports Next Week: Wall Street Expects Earnings Growth

UNIONDALE, N.Y. , Jan. 20, 2022 (GLOBE NEWSWIRE) --  Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it will make a donation to help the victims of the tragic Bronx Fire by providing funds to the Bronx Community Foundation and Catholic Charities Bronx Fire Emergency Relief Funds.

Flushing Bank to Donate to Bronx Fire Emergency Relief Funds

UNIONDALE, N.Y., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it has changed the time of its fourth quarter 2021 earnings conference call to 11:00 AM (ET) on January 28, 2022.

Flushing Financial Corporation Announces Time Change for Fourth Quarter 2021 Earnings Call

UNIONDALE, N.Y., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced its plan to eliminate overdraft, insufficient funds, and transfer fees on consumer checking accounts for its Flushing Bank, iGObanking®, and BankPurely® customers.

Flushing Bank Announces Elimination of Overdraft, Insufficient Funds, and Transfer Fees on Consumer Checking Accounts

UNIONDALE, N.Y., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that effective January 3, 2022, Douglas J. McClintock has joined the company as Senior Executive Vice President and General Counsel.

Douglas J. McClintock Joins Flushing Financial Corporation as General Counsel

UNIONDALE, N.Y., Dec. 15, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its fourth quarter 2021 earnings after the market closes on January 27, 2022.

Flushing Financial Corporation to Host Fourth Quarter 2021 Earnings Call

UNIONDALE, N.Y., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced a partnership with The Lonely Entrepreneur (TLE), a New York-based non-profit, to provide minority entrepreneurs with one-year free access to The Lonely Entrepreneur Learning Community – a one-stop-shop platform that provides entrepreneurs with the knowledge, tools, and ongoing support they need to start or grow a business.

Flushing Bank Partners with The Lonely Entrepreneur to Offer Free Entrepreneur Learning to Minority Business Owners

Flushing Financial (FFIC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

News for Flushing Financial Stock (FFIC)